MTNL share price hits 20% upper circuit on heavy volumes; up 28% in 2 days

Mahanagar Telephone Nigam Limited share price (MTNL share price) was locked in the 20-per cent upper circuit, at Rs 57.16 per share, on the BSE today. The rise in MTNL share in Wednesday’s intraday trade came was led by heavy volumes. In the last two day, the stock of the state-owned telecom cellular and fixed line services provider has surged 28 per cent.

Till 09:43 AM, average trading volume on the counter had jumped over three fold with a combined 21.17 million equity shares, representing 3.4 per cent of total equity of MTNL, having changed hands on the NSE and BSE.